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Erscheinungsjahr: 
2024
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[Journal:] Economies [ISSN:] 2227-7099 [Volume:] 12 [Issue:] 5 [Article No.:] 115 [Year:] 2024 [Pages:] 1-17
Verlag: 
MDPI, Basel
Zusammenfassung: 
To evaluate variations in the well-being dimensions of European citizens, we rely upon Principal Component Analysis methodology, whereby a large set of interrelated indicators are reduced to a small number of aggregate synthetic variables. We find that the 2008 crisis impinged differently on the various dimensions of well-being. The evolution of the indicators has affected different clusters of countries in various ways. Most importantly, we observe that there has been a shift of the principal component from the poor in terms of material deprivation to the risk of poverty for the worsening conditions in the labor market.
Schlagwörter: 
European Union
Great Recession
Principal Component Analysis
well-being
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